Asia-pacific region as a game changer in the world tourism

In the present era, tourism has become a popular generic decompression activity. It may take up domestic or international form which in turn can either be inbound or outbound as well.

The global tourism is of relative economic significance as it contributes 9% of world's direct and indirect GDP and 6% of World's exports. Moreover it provides employment to every 1 out of 11 persons. The present researcher paper is a sincere attempt to analyze the pattern of growth in foreign tourist arrivals and foreign exchange earnings globally since 1990 and to bring forth the shift of foreign tourist arrivals and corresponding foreign exchange earnings from developed to developing economies. The researchers have used secondary sources of data from the United Nations World Trade Organization (UNWTO) key statistical facts, related articles from reputed journals of tourism. The analysis of data reveal the fact that there is a revolutionary increase in foreign tourist arrivals and foreign exchange earnings globally and a corresponding shift in the preference of foreign tourists from developed economies to developing ones. Thus the paper provides significant insight to the developing economies to make maximum use of the opportunity.